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Standard Chartered takes lead in offering ‘Cheque Printing Facility’

  Standard Chartered Bank Pakistan Limited (SCBPL) is the oldest and largest global bank in Pakistan. STANDARD CHARTERED BANK IN PAKISTAN STOCK EXCHANGE (Rs) Date LDCP Open rate Closing rate Turnover 1-Jan-16 21.9 22.49 22.49 3,500 4-Jan-16 22.49 21.75 21.41 31,000 5-Jan-16 21.41 21.88 21.7 1,000 6-Jan-16 21.7 21.5 21.36 3,000 7-Jan-16 21.36 21.83 21.7 3,000 8-Jan-16 21.7 21.69 21.7 1,500 11-Jan-16 21.7 20.8 20.94 1,500 12-Jan-16 20.94 21 21 …

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Mutual Funds are high efficient investment vehicles

  Educating people about multiple benefits of investing in mutual funds is crucially important Interview with Mr. Umber Tanya Ansari – Head of Marketing, UBL Fund Managers Profile Umber Tanya Ansari, have her passion to take initiatives and strategies especially to educate the masses and meet ever-increasing challenges faced by Funds Management industry, Prior to her responsibility as the Head of Marketing UBL Fund Managers, Umber was Regional Head of …

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Islamic banking shining bright in Pakistan

  Meezan Bank has now emerged as country’s premier Islamic bank When the present PML-N government took over in 2013, the share of Islamic banking in the country was about 9 percent, which is fast approaching about 13 percent, primarily because of the proactive approach of the Ministry of Finance and the State Bank of Pakistan. Meezan Bank, the recipient of the Shariah Authenticity Award has now emerged as a …

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Fast emerging and challenging banking technologies

Customer awareness should be increased to encourage use of ATM, credit cards and Internet banking Consumer financing has emerged out as one of most prolific aspects of banking in Pakistan. Consumer financing products include credit cards, personal loans, auto loans and housing mortgage. It not only contributes towards facilitating the life patterns of consumers, but it also proves to be a source of improvement for the image of banks. Banking …

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JS Investments pioneer in securing financing under shariah laws

  JS Investments Limited (JSIL) is the oldest and one of the greatest private sector asset management firms in Pakistan, with a broad range of mutual funds, Islamic funds, pension funds and separately managed accounts, formed after keeping in view the client needs and requirements. JSIL is a member of MUFAP (Mutual Fund Association of Pakistan) and is catalog on the Karachi Stock Exchange. With the experience of 20-year in …

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Merger of stock exchange companies into a single entity — the move likely to broaden investment base in Pakistan

  The government has integrated Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE) Islamabad Stock Exchange (ISE) to form national stock exchange to be called as Pakistan Stock Exchange (PSE) with a view to improve the capital market outlook for attracting the foreign direct investment and for the economic prosperity of the country. Under the demutualization program of the stock exchange, there is a possibility of direct foreign investment by …

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Integration of stock markets to spur growth and investment

  Finance Minister Ishaq Dar officially announced the merger of the stock markets of Karachi, Lahore and Islamabad into one entity the Pakistan Stock Exchange (PSX) on January 11, 2016. The PSX will operate from the Karachi Stock Exchange under the new set-up. The Lahore Stock Exchange has been converted into LSE Financial Services Limited with a licence of an NBFI and Islamabad Stock Exchange into the ISE REIT Management …

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MCB Privatization — A success story

  Management protects employees’ rights The resilience and hard work of employees of all ranks of MCB Bank Limited have proved that privatization has brought a paradigm shift in services, infrastructure, technology and contribution to national exchequer while increase in number of satisfied customers is also a testimony in this regard, Riafat Khan Jadoon, President MCB staff union said. Millions of households also progressed with the successful privatization of MCB. …

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International Reckoning For Islamic Finance Industry In Pakistan: SBP — globally polled as the best central bank for promoting Islamic finance

  State Bank of Pakistan (SBP) was voted as the best Central Bank for promoting Islamic Finance by a poll conducted by International Finance News, an arm of REDmoney Group, Malaysia. The votes were received from various institutions, practitioners and academicians from all over the world. After the announcement, Deputy Governor, SBP Mr. Saeed Ahmad stated “SBP remains committed in promoting Islamic banking and finance and will continue to play …

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Cost diminution by DMAIC, DOE implementation in white goods sector

  Abstract: Quality cost has greater impact on the productivity and profit margin of the organizations. In Pakistan economy, manufacturing sector has less revenue due to no or minimal implementation of lean manufacturing and six sigma methodology. White goods sector is gaining its market popularity due to increasing demand and business opportunity. Nowadays, organizations are facing both external and internal quality cost. External cost means warranty claims and customer dissatisfaction. …

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